U.S election is coming so maybe the broker couldn't maintain normal services. We should consider avoid trading in this time. I just got notification email last night. Wonder if this broker could stop suddenly the server during the election?
Hotforex STP/ECN claims 38 replies
HotForex New York close charts? 6 replies
Hotforex platform behavior where orders aren't getting filled 16 replies
HotForex disabled trading at the moment 4 replies
HotForex discussion 34 replies
DislikedWhat can I continue to say: It is confirmed that Hotforex maintains normal trading standards without great tricks, always in the front line with the competitive brokers who are also many and good. Good trades Traders.Ignored
Disliked{quote} Waiting for the Decima to shout the topic is flooded with broker reps praising trading with HotforexIgnored
Disliked{quote} 1) Well, I have tried to point out my experiences with Hotforex. It was very bad. Far from what you claim. It is important to balance the false rosy picture someone with a conflict of interest is trying to paint. Others on the forum have claimed the same. I will take the time to read through the thread. We can make a count.. 2) Also I have posted news about Hotforex beeing fined from CySec for what I would describe as beeing a bucketshop. Important information. 3) Also I pointed out that representatives from Hotforex have acted illegally...Ignored
DislikedI have an account in hotforex.com My account made profit more than double after one week. One day before US election as i knew Japanese Yen would strength i have sell GBPJPY and at 00:02 server time suddenly i noticed that all my transactions have been closed. There was no sever fluctuations on price, suddenly i noticed high and unreasonable spread and just on the the pair of my positions! It is clear in the image that i provide. My analyze and prediction are completely correct and if the broker wouldn't margincall me, it would terminate to at least...Ignored
Disliked{quote} Make sure that you aware that Non-UK and EU traders are not eligible to enjoy FCA protection as a FCA regulated entity of a broker just simply opens a door for UK and EU market. If you are not from the counties I mentioned above, almost any "FCA brokers" discussed there will have you registered with their offshore branch. If you want higher level of protection make sure you moved to UK or EU firstIgnored
Disliked{quote} All traders are protected by FSCS compensation scheme. If you manage to open account with FCA regulated broker you are safeIgnored
Disliked{quote} not exactly per say. its very tricky if a broker has multiple licencing. Some have FCA licences but do not have FSCS scheme. if their HQ is in cyprus. it still falls under cysec's compensation scheme, not FCA's. hopefully like banks, with brexit putting an end to passporting of licences, brokers will be forced to be more transparent.Ignored
Disliked{quote} Yes, it's true, but there's always information that clients are protected by FSCS or other Malta or Cyprus scheme. Usually some brokers are REGULATED by CySEC and in addition REGISTERED in FCA and in this case it means actually nothing for trader FCA won't care about you at all. It's only profit for broker, because it sounds better and some clients don't get the difference.Ignored
DislikedA license doesn`t mean a thing. It is the jurisdiction/regulation that the broker is regulated by that is important. Brokers flashing licenses as a big deal, is just trying to give false securities. They know it doesn`t mean a thing. If you look for FCA protection, your broker needs to be regulated by the FCA. If your broker falls under two regulations (one FCA) make sure that your account is benefitting from the FCA protection. Some members of this forum is misleading other, by claiming the following: That you need to be an British or EU citizen...Ignored
DislikedA license doesn`t mean a thing. It is the jurisdiction/regulation that the broker is regulated by that is important. Brokers flashing licenses as a big deal, is just trying to give false securities. They know it doesn`t mean a thing. If you look for FCA protection, your broker needs to be regulated by the FCA. If your broker falls under two regulations (one FCA) make sure that your account is benefitting from the FCA protection. Some members of this forum is misleading other, by claiming the following: That you need to be an British or EU citizen...Ignored
Disliked{quote} Well I partially agree with you, but lets take a look at bankrupt Alpari UK which was under FCA I have some trading fellows on forum still trying to recover their funds from there. They are from Spain, btw. We all known that laws and promises in theory and practice can be really different..Ignored
Disliked{quote} The Alpari incident I have first hand experiences with, from several clients of Alpari. I would say that the Alpari incident is a strong proof of why you should choose a FCA regulated broker. They all got their money back. ? Sure, they had to wait for some time. Still, in the end they received it. Challenge, no 2: Give us a regulation that would have handed the Alpari incident better than the FCA actually did? Please elaborate/explain why you believe this regulation would have worked better than FCA did. Still awaiting the result from challenge...Ignored